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Miami

A partnership spanning over 100 years

Miami has played an integral role in our history, and we're committed to helping it continue to thrive in the future

2014

1908

1926

Financed the railway expansion to Florida through a $154 million bond issue

1926
1908

1926

1970s–80s

Opened our first branch in Miami

1970s–80s
1926

1970s–80s

1993

Managed financings on behalf of Dade County, the Port of Miami, the Miami Convention Center, and the City of Miami

1993
1970s–80s

1993

1994

Financed low-cost multifamily rental developments through contributions of $1 million to the Florida Housing Equity Fund and $5 million to the Homes for South Florida lending consortium

1994
1993

1994

1995

Citi Foundation began investing in Miami and has, since then, invested more than $7 million in nonprofit organizations, improving economic opportunity

1995
1994

1995

1999

Citi Foundation began investing in the Citi Success Fund, awarding $790,000 to educators and reaching 250,000 at-risk youth in Miami-Dade County over 12 years

1999
1995

1999

2006

Moved Citi Latin American regional office to Miami

2006
1999

2006

2010

Launched Global Community Day, an annual volunteer event in which 300 Miami employees have provided 1,470 hours of service as of 2012

2010
2006

2010

2010

Provided a $600 million airport revenue bond issue for the expansion of Miami International Airport

2010
2010

2010

2013

Administered a Prepaid Card solution to replace paper checks for the Miami-Dade Housing Agency, saving the agency more than $100,000 per year

2013
2010

2013

2013

Selected Miami as one of 10 cities to be part of the national Family Assets Counts Program, a partnership between Citi Community Development and the Corporation for Enterprise Development, providing policies and solutions to address household financial vulnerability

2013
2013

2013

2014

Presented the inaugural Ai Weiwei exhibit at the new Pérez Art Museum Miami, and remain a proud sponsor of PAMM

2014
2013

2014

2014

Launched our new multichannel retail distribution model in Miami, including a variety of branch sizes and advanced technology

2014
2014

2014

2014

Citi Foundation selected Miami as one of 10 cities to inaugurate our Pathways to Progress initiative, providing youth with opportunities to develop workplace skills and leadership experience

2014
2014

2014

2014

Became the title sponsor of Miami’s bike share program, rebranding it as “Citi Bike” and establishing a major expansion to 1,750 bikes at 170 stations

2014
2014

2014

1908

Partnering with the City of Miami Beach, Citi serves as Community Sponsor of the New World Symphony’s WALLCAST™ Concerts and the SoundScape Cinema Series

1908

Proud Member of the Miami Community

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Our Reach Across Miami

1,800+

Citi Employees

1 million+

Consumer and business accounts

4,800+

Citi alumni

50+

Citibank retail branches

Supporting Miami's Growth and Development

$105 million+

in loans to 15,000+ small businesses

$145 million+

loans and investments in affordable housing

5

Citi clients in the Fortune 500 headquartered in Miami

Our Commitment to Miami's Communities

$1.5 million+

supporting charitable organizations

Data based on 2014 yearly totals

670+

volunteer hours by 150+ Citi employees

Our Commitment to Miami's Youth

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In 2014, the Citi Foundation selected Miami as one of 10 cities for its inaugural Pathways to Progress initiative, which provides young people ages 16-24 with the opportunity to develop workplace skills and leadership experience necessary to compete in a 21st-Century economy. Through entrepreneurship training, service opportunities, mentoring and summer jobs, Pathways to Progress gives young Miamians the tools they need to access a job early in their working lives, ultimately better positioning them for their professional and economic future.

  • 525+low-income youths impacted in Miami alone
  • $540,000pledged to help young people in Miami increase their employability at a time of high joblessness
  • $50,000,000funded nationally, making Pathways to Progress the largest Citi Foundation initiative to date

Driving Progress Forward in the Wake of Catastrophe

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Hurricane Andrew was, at the time of its occurrence in August 1992, the costliest hurricane in U.S. history. Miami-Dade County bore the brunt of the storm, which destroyed or damaged more than 125,000 homes and caused more than $26 billion worth of damage.

In the face of that destruction, we partnered with the local communities when many insurers stopped issuing property coverage in the state, and we remain committed to serving Miami.

  • 1998Continued in the recovery efforts, opening a branch in Richmond Heights—a neighborhood that had been without a bank since the hurricane
  • 2002Partnered with Citizens Property Insurance Corporation to obtain $5.2 billion in storm protection for almost 1 million residents, helping to ensure no one had to go without protection
  • 2006Joined a syndicate to bring to market the first debt issue of the Florida Hurricane Catastrophe Fund, continuing our effort to help the community

How Citi Clients Define Progress

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For individuals, it may mean:

  • A mortgage that allows a family to lay down roots
  • Personalized advice that makes planning for a first child easier

For institutions, it may mean:

  • Local insight to break into new markets in differentiating ways
  • Deep expertise around the world to help manage complexity and emerging challenges

For communities, it may mean:

  • Collaboration with local leaders and community organizations to enable progress on local policy priorities
  • A global foundation that supports economic progress for individuals and communities

A True Global Reach

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Our work stretches across the world to reach individuals, institutions and communities and empower them with solutions that only Citi's global set of capabilities can provide.

Citi's Global Consumer Bank serves 100 million clients in 19 countries, with a strategic focus on cities and segments in which the bank's unique global network, brand and capabilities provide a competitive advantage. We serve clients through industry-leading products and services, next-generation retail formats and world-class digital channels to deliver a simple, secure and seamless experience.

Citi's Institutional Clients Group builds enduring relationships with clients by providing a full suite of strategic advisory and financing products to multinational and local corporations, financial and public sector institutions, governments, privately held businesses and many of the world's most successful and influential individuals and families in more than 160 countries and jurisdictions.

Looking Ahead

We look forward to continuing our partnership with the people and institutions of Miami to enable progress and to create ever-greater opportunities within the city and the region.